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Randy ratpack hates studying both eco and history. the more time he spends studying either subject the less happy he is. But Randy has strictly convex preferences. Illustrate the graph and is the slope of the indifference curve positive or negative?
Deficits and investment: Suppose the government decides to reduce taxes today by 1% of GDP, financed by higher borrowing, with the borrowing to be repaid 10 years from now with higher taxes. Discuss the various arguments about what effect this will h..
Discuss the market structure faced by NMSU Bookstore (which is operated by Barnes and Noble). Based on the hypothesized market structure, what management action do you recommend to the Bookstore? Be sure that the management actions are tailored to th..
Elucidate the dividend yield for each of these four stock. What is the expected capital gains yield. Discuss the relationship among the various return that you find for each of these stocks.
A bank has the following data on the gender and marital status of 400 customers. An experiment consists of selecting one of these customers at random. What is the probability of selecting a customer who is single? What is the probability of selecting..
What are data in table saying. What is an implication of pattern shown. What are data in table saying. What is an explanation for pattern shown.
When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that
Park Equipment Leasing purchased a new milling machine for $1.8 million. They depreciate it using MACRS (5-year property). They lease it to Valles Global Industries for $550,000 a year for eight years. Under the Park-O-Matic leasing option, Valles Gl..
If they charge same price in each market, what should be quantity sold in each market, equilibrium price and total profit.
rounding down again to two decimals draw a supply and demand diagram like we did numerous times in the lectures
Consider the market for aluminum. The Aluminum Company of America (Alcoa) used to control all U.S. sources of bauxite, a key ingredient in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolis..
Between 1995 and 2000, the S&P 500 more than doubled as the U.S. experienced a technology-driven stock market boom. How does a stock market boom affect GDP? Your answer should include a discussion of the impact on relevant components of GDP.
An economist estimated that the cost function of a single-product firm is: C(Q) = 50 + 25Q + 30Q2 + 5Q3. Based on this information, determine the following:
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